Toronto Dominion Bank Trims Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Toronto Dominion Bank lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 538,822 shares of the semiconductor company's stock after selling 27,540 shares during the period. Toronto Dominion Bank owned 0.06% of Texas Instruments worth $101,033,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Texas Instruments by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock worth $17,544,800,000 after purchasing an additional 649,620 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Texas Instruments by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock worth $4,032,599,000 after purchasing an additional 267,352 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Texas Instruments by 11.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock worth $4,029,115,000 after purchasing an additional 2,237,035 shares during the period. Norges Bank acquired a new stake in shares of Texas Instruments during the fourth quarter worth about $2,584,490,000. Finally, Alliancebernstein L.P. lifted its holdings in shares of Texas Instruments by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock worth $2,382,684,000 after purchasing an additional 822,797 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on TXN. Stifel Nicolaus decreased their target price on Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Seaport Res Ptn raised shares of Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. KeyCorp dropped their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Mizuho set a $170.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, DZ Bank raised shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price objective on the stock in a research note on Friday, April 25th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and a consensus price target of $189.41.

Insider Buying and Selling at Texas Instruments

In other news, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now owns 409,089 shares of the company's stock, valued at $82,930,522.08. This represents a 19.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,065 shares of company stock worth $59,734,685 in the last three months. 0.57% of the stock is owned by corporate insiders.

Texas Instruments Price Performance

TXN traded up $0.37 on Tuesday, hitting $188.71. 5,287,835 shares of the company's stock were exchanged, compared to its average volume of 6,301,332. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $167.85 and a 200-day moving average price of $184.20. The stock has a market cap of $171.44 billion, a price-to-earnings ratio of 36.36, a P/E/G ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter in the previous year, the company posted $1.10 EPS. The firm's quarterly revenue was up 11.1% on a year-over-year basis. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.88%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's payout ratio is currently 103.23%.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.